I pay for a private occupational disablement insurance plan. This is on the first look a good thing from my point of view, because 25% of all employees encounter a disablement preventing them to continue work in their current occupation.
The problem is, in my contract there is a disqualification for psychic disorders. A single analysis Analyis by Morgen & Morgen I found, shows, that psychic/neural disorders sum up to nearly a third of all disablements. Which makes my insurance a lot more expensive than a standard contract, because I'm entitled a third less insurance benefits compared to an average signee.
This might be even tolerable for me, but I think that in my case (engineer) the probabilites for different causes might have a different impact on my ability to perform in my job. E.g. it is much more likely that I can still work in my job after a traffic accident than someone doing road works or a miner.
I came to the conclusion that in my case the probability of being unable to continue in my job because of a psychic disorder might encompass a much bigger percentage of all causes than for an average worker.
My question is: Does anyone know about any comparable statistics for different occupational groups? And if not, how could I estimate the remaining benefit, enabling to make a decision whether or not to keep this (rather expensive) insurance?
Of course there are other points of view on this type of insurance. E.g. the probability to get insurance benfits without a lawyer tend to be very low. But I want to put that aside, because I want to evaluate that independently.
Addendum: I looked up the terms in my insurance policy. Normally they will pay in any case of psychic, psychiatric or psychosomatic condition which renders the signee unable to do the work done at the time of the incident. Of course this is subject to experts testimony. However in my personal contract all of these conditions are excluded explicitely.
I looked up the terms of my insurance police. The standard contract has a lot of exclusions like consequences of commiting a felony or war etc. At no point there is an exclusion for any of neurological/psychic/psychiatric issues. Named restrictions are written down directly in my contract with the insurance company and apply only to me. Country is Germany and I was priced a standard contract for engineers or comparable occupations.
another addendum I didn't want to reveal that here explicitly but I think I have to explain the background of my reasonings.
I underwent psychotherapy before I applied for that insurance. I got a printed book encompassing the terms of that insurance, which contained no exclusions for named issues. However, to get that insurance police signed I had to write down my full medical history in detail (of course encompassing psychic issues). After having done that I received an offer from the insurance company for the same price but with an extra page with special exclusions (psychic issues) printed in bold with my name on it.
Bottom line: I've had a mental health issue, I told the insurance company that I have had such, and the insurance company told me: "you can have that contract, but in your case we won't pay if you can't work because you are probably going to have it again."